Mortgage Bankers Trade Magazine
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Mortgage & Refinance Tips: Determining Your Income
When you apply for a refinance, debt consolidation or purchase mortgage, one of the most important factors in qualifying for the loan is your income. That may not seem like much of a surprise, but you may be surprised at all of the different ways your income can be calculated based on how well you can document it, and how much this can affect your loan process. Get a leg up on the loan officer and learn how to determine your income yourself.
Your lender looks at your incom...
The Top Five Mistakes To Avoid In Refinancing Through Florida Refinance
Today’s mortgage rates are favorable for borrowers. If you’re thinking of buying a second home in this side of the US, Florida refinance companies are offering favorable deals which will make your decision a good one. Still, there are refinance traps to avoid.
Failing to Compare Lending Companies
If you are not comfortable with the terms of your current Florida refinance lender, look for others and compare their interest rates. However, you can negotiate for competi...
The Reverse Mortgage Association: Answers For Seniors
The National Reverse Mortgage Lenders Association was established in 1997 to provide a variety for services for both those wishing to take advantage of reverse mortgages on their homes and lenders wishing to finance reverse mortgages.
The Reverse Mortgage Association has an educational program to aid senior citizens who have decided to take out a reverse mortgage as a way to remain financially independent The Reverse Mortgage Association has also established a Code of Co...
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